M-tron Industries, Inc.
Business
M-tron Industries designs, manufactures and markets highly engineered, high-reliability frequency and spectrum control products that regulate timing and signal frequency in electronic circuits. The company offers three primary product groupings: Frequency Control (quartz crystal resonators and oscillators), Spectrum Control (RF and microwave filters, amplifiers), and Integrated Microwave Assemblies (custom multi-functional modules). M-tron serves aerospace and defense, avionics, space, and industrial markets through direct OEM relationships, contract manufacturers, and franchised distributors, operating manufacturing facilities in Florida, South Dakota, and India with sales presence in Hong Kong.
Summary from 10-K filed 2026-03-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 54 | 49 | 41 | 32 | 27 | |
| Manufacturing cost of sales | 30 | 26 | 24 | 20 | 17 | |
| Engineering, selling and administrative | 14 | 13 | 12 | 8 | 7 | |
| Total costs and expenses | 44 | 40 | 37 | — | — | |
| Operating income | 10 | 9 | 4 | 3 | 2 | |
| Interest income, net | 539,000 | 243,000 | 7,000 | −11,000 | −12,000 | |
| Other income, net | 124,000 | 138,000 | 94,000 | −269,000 | 11,000 | |
| Total other income, net | 663,000 | 381,000 | 101,000 | −280,000 | −1,000 | |
| Income before income taxes | 11 | 10 | 4 | 3 | 2 | |
| Income tax provision | 3 | 2 | 911,000 | 797,000 | 531,000 | |
| Net income | 8 | 8 | 3 | 2 | 2 | |
| Basic (in dollars per share) | 2.94 | 2.78 | 1.29 | 0.67 | 0.59 | |
| Diluted (in dollars per share) | 2.62 | 2.65 | 1.28 | 0.67 | 0.59 | |
| Basic (in shares) | 3 | 3 | 3 | — | — | |
| Diluted (in shares) | 3 | 3 | 3 | — | — |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 21 | 13 | 4 | 926,000 | 3 | |
| Accounts receivable, net of allowances of $204 and $182, respectively | 7 | 7 | 5 | 5 | 4 | |
| Inventories, net | 10 | 10 | 9 | 8 | 5 | |
| Prepaid expenses and other current assets | 2 | 760,000 | 588,000 | 673,000 | 242,000 | |
| Warrant exercise receivable | 22 | 0 | — | — | — | |
| Total current assets | 61 | 30 | 18 | 14 | 12 | |
| Property, plant and equipment, net | 7 | 5 | 4 | 4 | 3 | |
| Right-of-use lease asset | 217,000 | 9,000 | 97,000 | 147,000 | 218,000 | |
| Intangible assets, net | 40,000 | 40,000 | 45,000 | 98,000 | — | |
| Deferred income tax asset | 272,000 | 2 | 2 | 1 | 2 | |
| Other assets | 123,000 | 3,000 | 10,000 | 16,000 | 5,000 | |
| Total assets | 68 | 37 | 24 | 19 | 20 | |
| Accounts payable | 2 | 1 | 1 | 2 | 1 | |
| Accrued compensation and commissions expense | 1 | 3 | 2 | 2 | 1 | |
| Other Accrued Liabilities, Current | 1 | 500,000 | 611,000 | 614,000 | 403,000 | |
| Income taxes payable | 294,000 | 58,000 | 277,000 | 234,000 | — | |
| Total current liabilities | 5 | 5 | 4 | 5 | 3 | |
| Long-term lease liability | 148,000 | 0 | 26,000 | 76,000 | — | |
| Deferred income tax liability | 129,000 | 72,000 | — | — | — | |
| Total liabilities | 5 | 5 | 4 | 5 | 3 | |
| Contingencies (Note 13) | — | — | — | — | — | |
| Preferred stock ($0.01 par value; 5,000,000 shares authorized, none issued) | 0 | 0 | 0 | 0 | — | |
| Common stock ($0.01 par value; 25,000,000 shares authorized; 3,405,210 issued and outstanding as of 2025; 2,911,165 shares issued and outstanding as of 2024) | 34,000 | 28,000 | 27,000 | 27,000 | — | |
| Additional paid-in capital | 43 | 20 | 16 | 14 | — | |
| Retained earnings | 20 | 11 | 4 | 212,000 | — | |
| Total stockholders' equity | 63 | 31 | 20 | 14 | 17 | |
| Total liabilities and stockholders' equity | 68 | 37 | 24 | 19 | 20 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 1 | 968,000 | 797,000 | 671,000 | 488,000 | |
| Amortization of finite-lived intangible assets | 0 | 5,000 | 53,000 | 54,000 | 54,000 | |
| Stock-based compensation expense | 1 | 636,000 | 2 | 458,000 | 292,000 | |
| Unrealized foreign currency loss | 69,000 | 5,000 | — | — | — | |
| Gain on disposal of fixed assets | −42,000 | 0 | — | — | — | |
| Deferred income tax provision | 1 | 212,000 | −784,000 | 1 | 507,000 | |
| Decrease (increase) in accounts receivable, net | 186,000 | −2 | 395,000 | −1 | −47,000 | |
| Increase in inventories, net | −164,000 | −625,000 | −1 | −2 | −116,000 | |
| Increase in prepaid expenses and other assets | −1 | −165,000 | 91,000 | −422,000 | 2,000 | |
| (Decrease) Increase in accounts payable, accrued compensation, commissions, income taxes and other | −328,000 | 889,000 | −691,000 | 2 | 198,000 | |
| Total adjustments | 2 | −115,000 | 916,000 | — | — | |
| Net cash provided by operating activities | 11 | 8 | 4 | 2 | 3 | |
| Capital expenditures | −3 | −2 | −1 | −936,000 | −1 | |
| Net cash used in investing activities | −3 | −2 | −1 | −936,000 | −1 | |
| Proceeds from exercise of stock options | 532,000 | 3 | 0 | — | — | |
| Warrant-related costs | −318,000 | 0 | — | — | — | |
| Debt issuance costs | −72,000 | 0 | — | — | — | |
| Net cash provided by financing activities | 142,000 | 3 | −137,000 | −3 | −2 | |
| Increase in cash and cash equivalents | 8 | 9 | 3 | −2 | 179,000 | |
| Proceeds from disposal of fixed assets | 54,000 | 0 | — | — | — | |
| Proceeds from exercise of warrants receivable at period end, net of costs | 22 | 0 | — | — | — | |
| Cash paid for taxes | 1 | 2 | 2 | 36,000 | — | |
| Cash paid for interest | 9,000 | 8,000 | 6,000 | 9,000 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is M-tron Industries, Inc.'s CIK number?
M-tron Industries, Inc.'s SEC CIK number is 0001902314 (1902314). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find M-tron Industries, Inc.'s SEC filings?
All of M-tron Industries, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did M-tron Industries, Inc. last report earnings?
M-tron Industries, Inc. (MPTI) most recently filed an earnings 8-K with the SEC on May 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-015954). This is M-tron Industries, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is M-tron Industries, Inc.'s most recent earnings 8-K?
M-tron Industries, Inc.'s latest earnings 8-K (Item 2.02) was filed May 8, 2026 under accession 0001437749-26-015954. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View M-tron Industries, Inc.'s latest earnings 8-K →
Look up any company's CIK number →